Re:Crypto CEO behind $2.5B 'rug pull' arrested
by warkdarrior on Thursday September 01, 2022 @01:54PM
(#32680331)
The standard expectation in the cryptocurrency space is that all problems are adjudicated via blockchain mechanisms (on chain, off chain, etc.) in a decentralized way. The fact that the government (a centralized, non-blockchain entity) has to step in to address a problem indicates a failure of the cryptocurrency ideal.
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Re:Crypto CEO behind $2.5B 'rug pull' arrested
by ErikVandeWater on Thursday September 01, 2022 @02:02PM
(#32680485)
Is he saying that, or is he simply expressing a disdain for what he sees as anti-regulation crypto investors? He's overgeneralizing to suggest all crypto investors hate regulation, which no one believes is true. It's not even clear the majority oppose regulation in the crypto space.
Re:Crypto CEO behind $2.5B 'rug pull' arrested
by ourmandave on Thursday September 01, 2022 @02:20PM
(#32680731)
Investors don't oppose regulation, they usually assume it.
The criminals running all the crypto ponzi schemes hate regulation.
But sell it to "investors" as though it's actually regulated and low risk.
Like the clowns running Voyager
https://www.americanbanker.com/news/fed-fdic-order-voyager-t...
Re:Crypto CEO behind $2.5B 'rug pull' arrested
by landemva on Thursday September 01, 2022 @10:25PM
(#32685894)
The crypto ideal does not use custodial exchanges. Exchanges and brokerages have traditionally been regulated. They are convenient and not really the crypto ethos.
Re:Crypto CEO behind $2.5B 'rug pull' arrested
by samatman on Thursday September 01, 2022 @02:20PM
(#32680724)
Since you said it was a standard expectation, you can point to polls that show this sentiment, right? Leaders of major projects saying that blockchain means stealing is ok and the government shouldn't prosecute it?
Or is it a thing you made up to win an argument. It is, isn't it. You made this up.